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Sir Richard Lambert, the former CBI head honcho, took to the speaking circuit
again this week to promote his Banking Standards Review, a fledgeling
self-regulatory system for banks that want to behave more ethically (or for
banks that say they do). He regaled bankers and journalists at a champagne
reception at Nomura, overlooking the Thames. When one banker asked who would
decide what was ethical and what was not, Sir Richard said: “I don’t think
you can teach ethics.” A 25-minute online course certainly won’t, he added.
“A lot of banks